University of Vermont

UVM Course Directory

BSAD 169 – Individual Taxation

Credits: 3.00

Course Description: Highlights federal income tax concepts and rules applicable to individuals. Examines how the federal tax system accounts for items of income and expense in computing taxable income, considering both personal and business transactions. Prerequisites: BSAD 060 and BSAD 061; Business Administration majors; Accounting and Business Administration minors; minimum Junior standing.

Section Description: This course will highlight federal income tax concepts and rules applicable to individuals. In particular, the course discussions and materials will examine how the federal tax system accounts for items of income and expense in computing taxable income. This examination will consider transactions arising in personal as well as business contexts. Tax accounting often relies on many detailed and changing rules. Nevertheless, by the end of this course, you should understand basic reporting (compliance) requirements and fundamental tax concepts well enough to identify and discuss issues about: - Whether a taxpayer has income and must report it; - Whether the taxpayer can deduct a cost as an expense; - What amount of income or expense is taken into account; - How the character of an item affects its treatment; and - When the income or expense item is reported.

CRN: 15532

Section: A

Enrolled/Seats: 31/37

Days Time Location
MW 15:30 - 16:45 KALKIN BUILDING 325

Instructor(s): Glenn C Walberg

Meeting Dates: 16 Jan 2018 - 04 May 2018